Can I retire at age 57 with 794,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $794,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$65,568$64,984$64,414$63,858$63,315$61,020
2 years$32,459$31,855$31,269$30,701$30,150$27,863
3 years$21,425$20,817$20,233$19,670$19,128$16,921
4 years$15,908$15,303$14,724$14,171$13,642$11,532
5 years$12,599$11,998$11,427$10,885$10,371$8,363
6 years$10,394$9,797$9,235$8,705$8,206$6,302
7 years$8,820$8,228$7,674$7,157$6,674$4,873
8 years$7,639$7,053$6,508$6,004$5,536$3,837
9 years$6,722$6,141$5,605$5,114$4,663$3,063
10 years$5,988$5,413$4,887$4,408$3,973$2,470
11 years$5,388$4,818$4,302$3,836$3,417$2,007
12 years$4,889$4,325$3,818$3,365$2,961$1,641
13 years$4,466$3,908$3,411$2,971$2,582$1,349
14 years$4,105$3,553$3,065$2,637$2,263$1,113
15 years$3,791$3,245$2,767$2,352$1,993$921
16 years$3,518$2,978$2,509$2,106$1,761$764
17 years$3,276$2,742$2,283$1,892$1,562$635
18 years$3,062$2,534$2,084$1,705$1,389$529
19 years$2,871$2,348$1,908$1,541$1,238$442
20 years$2,699$2,182$1,751$1,395$1,105$369
21 years$2,543$2,033$1,611$1,266$989$308
22 years$2,402$1,897$1,484$1,151$887$258
23 years$2,273$1,775$1,371$1,049$796$216
24 years$2,155$1,663$1,268$956$715$181
25 years$2,047$1,560$1,174$873$644$152
26 years$1,947$1,467$1,089$799$580$127
27 years$1,855$1,380$1,011$731$523$107
28 years$1,770$1,301$940$670$472$90
29 years$1,690$1,227$875$614$426$75
30 years$1,616$1,159$815$564$385$63
31 years$1,547$1,095$760$518$348$53
32 years$1,483$1,036$709$476$315$45
33 years$1,422$981$662$438$285$37
34 years$1,365$930$618$403$258$31
35 years$1,312$882$578$371$234$26
36 years$1,261$837$541$341$212$22
37 years$1,213$795$506$314$192$19
38 years$1,168$756$474$290$174$16
39 years$1,126$719$444$267$158$13
40 years$1,086$684$416$247$143$11
41 years$1,047$651$390$227$130$9
42 years$1,011$620$366$210$118$8
43 years$976$591$344$194$107$7
44 years$943$563$322$179$97$6
45 years$912$537$303$165$88$5
46 years$882$512$284$153$80$4
47 years$854$489$267$141$73$3
48 years$826$467$251$130$66$3
49 years$800$446$236$120$60$2
50 years$775$426$222$111$54$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $794,000, adding $4,057 every year, while hoping to spend $45,021 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 54/21/25 Blend
56$794,000$794,000$794,000$794,000
57$879,173$837,091$824,784$920,376
58$920,946$830,206$804,512$942,321
59$965,472$821,475$782,052$961,203
60$1,012,983$810,760$757,284$980,830
61$1,063,734$797,915$730,080$1,001,291
62$1,118,006$782,784$700,309$1,022,684
63$1,176,106$765,203$667,832$1,045,120
64$1,238,370$744,999$632,505$1,068,723
65$1,305,167$721,987$594,178$1,093,635
66$1,376,902$695,973$552,691$1,120,012
67$1,454,021$666,751$507,881$1,148,031
68$1,537,011$634,102$459,575$1,177,891
69$1,626,409$597,795$407,593$1,209,812
70$1,722,803$557,587$351,748$1,244,044
71$1,826,839$513,220$291,842$1,280,864
72$1,939,230$464,420$227,671$1,320,582
73$2,060,754$410,900$159,022$1,363,543
74$2,192,272$352,355$85,669$1,410,134
75$2,334,726$288,462$7,382$1,460,786
76$2,489,153$218,882$0$1,515,978
77$2,656,696$143,256$0$1,596,561
78$2,838,607$61,204$0$1,686,236
79$3,036,268$0$0$1,783,763
80$3,251,196$0$0$1,896,347
81$3,485,061$0$0$2,034,307
82$3,739,702$0$0$2,184,591
83$4,017,139$0$0$2,348,403
84$4,319,599$0$0$2,527,063
85$4,649,530$0$0$2,722,030
86$5,009,627$0$0$2,934,906
87$5,402,859$0$0$3,167,454
88$5,832,492$0$0$3,421,618
89$6,302,121$0$0$3,699,535
90$6,815,705$0$0$4,003,561
91$7,377,605$0$0$4,336,288
92$7,992,619$0$0$4,700,570
93$8,666,033$0$0$5,099,552
94$9,403,668$0$0$5,536,695
95$10,211,933$0$0$6,015,811
96$11,097,887$0$0$6,541,100
97$12,069,306$0$0$7,117,186
98$13,134,751$0$0$7,749,163
99$14,303,655$0$0$8,442,642
100$15,586,405$0$0$9,203,802